Question

A bicycle store costs $2800 per month to operate. The store pays an average of $50 per bike. The average selling price of each bicycle is $90. How many bicycles

must the store sell each month to break even?
The store must sell bicycles each month to break even.
(Type a whole number.)

Answer 1

70 Bikes

Explanation:

[using b as a variable for bikes]

2800=-50b+90b

[2800 is total cost of store with-50 being cost per bike and 90 being selling point of bike]

2800=40b [simplified by combining -50 with 90]

70=b [divided 2800 by 40 to get the break even for the store]